Airbus Gets Potential Order For 12 Planes

Ethiopian Airlines signed memorandum of understanding to buy 12 Airbus A350 XWB aircraft in a deal with an estimated potential value of $2.9 billion.

Jul 29th, 2009

PARIS (AP) -- Airbus says Ethiopian Airlines has signed a memorandum of understanding to buy 12 of its Airbus A350 XWB aircraft.

The A350-900s have an average list price of $241 million, giving the deal an estimated potential value of $2.9 billion.

The commitment is not yet a firm order for the plane. The A350 is Airbus' future long-haul, medium capacity rival to Boeing Co.'s planned 787.

More in Supply Chain
I Stock 1211200456
Bracing for a Nitrile & Latex Glove Shortage
SW Safety discusses how the PPE supply market should immediately begin to reserve such gloves for frontline mission-critical workers.
Mar 26th, 2020
Weed Smoking Ap
Cannabis Stocks Surge
Sales last week increased more than two-fold in California.
Mar 25th, 2020
Thumb
Alert Over Fake COVID-19 Test Kits
The agency has already issued nearly a dozen warning letters to companies found selling and promoting fraudulent items.
Mar 25th, 2020
Walmart Store Ap
Walmart Exec Impersonators Net $900K
The counterfeiting ring hit 300 Walmart stores in 30 states.
Mar 24th, 2020
Volunteers Keshia Link, left, and Dan Peterson unload boxes of donated gloves and alcohol wipes from a car at a drive-up donation site for medical supplies at the University of Washington to help fight the coronavirus outbreak on Tuesday, March 24 in Seattle.
Medical Glove Factories Cutting Staff 50%
Malaysia, by far the world’s largest medical glove supplier, is now operating at half capacity just when they're most needed.
Mar 24th, 2020
Ab Honeywell Maska
Honeywell Boosts N95 Mask Production
Honeywell will immediately ramp up production at its Smithfield, RI plant to produce millions of the disposable respirators.
Mar 23rd, 2020
In this March 11 photo, a technician prepares COVID-19 coronavirus patient samples for testing at a laboratory in New York's Long Island. Wide-scale testing is a critical part of tracking and containing infectious diseases. But the U.S. effort has been plagued by a series of missteps, including accuracy problems with the test kits the CDC sent to other labs and bureaucratic hurdles that slowed the entrance of large, private sector labs.
Testing Faces Lab Supply Shortages
Dwindling supplies include both chemical components and basic swabs needed to collect patient samples.
Mar 20th, 2020
Gen Mills2019 Innovation1200x800
General Mills: Demand Changing by the Week
The company expects at-home food demand will remain elevated in Q4 as feedings at restaurants, schools and universities will be down.
Mar 19th, 2020
In this March 17 photo, Laurie Kuypers, a registered nurse, reaches into a car to take a nasopharyngeal swab from a patient at a drive-through COVID-19 coronavirus testing station for University of Washington Medicine patients in Seattle.
US Struggles to Meet Protective Gear Demand
The pandemic has exposed some of the stockpile's shortcomings: The cache isn't designed to be a long-term solution.
Mar 19th, 2020
In this Feb. 13, 2020, photo released by Xinhua News Agency, workers wearing masks labor at a factory for Chinese telecommunications company OPPO.
Chinese Factories Face New Threat
The shock threatens to set back the ruling Communist Party's efforts to revive the world’s second-largest economy.
Mar 19th, 2020
In this photo taken Monday March 16 2020, a factory worker cuts soap into bars at the Licorne soap factory in Marseille, southern France.
Demand for Trad'l French Soap Up
With an abundance of local oils, soda, and salt, Marseille boasts a lengthy tradition of producing natural soaps.
Mar 19th, 2020
DETROIT (AP) — Detroit's three automakers have agreed to partial factory shutdowns, deep cleaning of equipment and longer periods between shifts to head off union demands for U.S. plant closures due to the coronavirus threat. The agreements came Tuesday night after union officials spoke individually with General Motors, Ford and Fiat Chrysler. The companies also agreed to “extensive plans” to avoid union members coming in contact with one another, the United Auto Workers union said in a statement. The union said earlier in the day that it wanted the automakers to shut down their factories for two weeks to keep its members safe from the spreading coronavirus. Each company agreed to different provisions depending on its situation, but generally, automakers agreed to cut shifts on a rotating basis, which would idle factories for long periods to clean the building and equipment. Some companies agreed to cut overtime work to build space between shifts for added cleaning. Details of how to keep workers apart were still being worked out and more announcements will be coming in the next 24 hours, the union said in a statement. “All three companies have agreed to new measures that will increase adherence to CDC (Centers for Disease Control) recommendations on social distancing in the workplace,” the statement said. Officials have recommended that people not gather in large groups and try to stay at least 6 feet (about 2 meters) from each other to stop the virus that causes COVID-19 from spreading. Earlier Tuesday UAW President Rory Gamble said in an email to members that the companies were not willing to stop production when the union asked for it Sunday. Gamble says the union gave Ford, General Motors and Fiat Chrysler two days to put together plans to safeguard workers. That period ended Tuesday afternoon. Gamble said if the union isn't satisfied it will take unspecified further action to protect members. The three companies employ about 150,000 auto workers at dozens of factories and parts depots across the country. Most of the manufacturing footprint is concentrated in the industrial Midwest, but the companies also have plants in Kentucky, Tennessee, Texas and other states. The dispute came as union members complained that continued work at the plants would expose them to the virus. Industry analysts have said it will be difficult to keep the factories open for very long as the COVID-19 virus spreads. Fiat Chrysler, Ford, Volkswagen, Daimler AG and PSA Groupe have closed their European factories to help stop the virus from spreading. “There's very few industries where you get this many people together and they all touch the same things,” said Kristin Dziczek, vice president of labor and manufacturing for the Center for Automotive Research, an industry think tank in Michigan. GM believes it can run the plants safely with preventive measure it has put in place since January and enhancements it is working on, spokesman Jim Cain said. Fiat Chrysler says it already has put “extensive protocols” in place to ensure the health and safety of workers. “We are continuing to carefully monitor the situation and are making improvements as needed,” spokeswoman Jodi Tinson said in a statement. Ford said it's working closely with the union and will announce details later. Analysts expect U.S. auto sales to take a nosedive as people stay home to avoid other people. The industry likely has enough inventory to satisfy slower demand due to the virus, they have said. Ford reported Tuesday that sales had fallen in Europe and that parts supplies have been interrupted. On Sunday, the union and companies announced they would form a task force to deal with worker safety as the plants continued operating. Seventeen workers at a Fiat Chrysler factory in Warren, Michigan, walked off their jobs in the paint shop Monday over concerns about the novel coronavirus. A worker at an FCA transmission plant in Kokomo, Indiana, tested positive for the virus last week. He and nearby co-workers were told to stay home and his work area was deep cleaned. Production continued at both factories.
Automakers Agree to Partial Shutdown
The agreements came Tuesday night after union officials spoke individually with General Motors, Ford and Fiat Chrysler.
Mar 18th, 2020
Ventilator
Ventilator Maker Ups Output
About 14% of COVID-19 patients require hospitalization and oxygen support.
Mar 17th, 2020
An Amazon Fulfillment Center in the East San Francisco bay area.
Amazon Stocking Only Essentials
For the next three weeks, Amazon won't accept shipments of products that don't fit that criteria.
Mar 17th, 2020